IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v22y1985i3p257-261.html
   My bibliography  Save this article

Rent Gradient Under Uncertainty

Author

Listed:
  • Gershon Alperovich

    (Department of Economics, Bar-Ilan University, Ramat Gan, Israel)

  • Eliakim Katz

    (Department of Economics, Bar-Ilan University, Ramat Gan, Israel)

Abstract

This paper seeks to further develop location theory under uncertainty, within the classical framework of land use models formulated by Von Thünen and Alonso. The analysis proceeds by allowing uncertainty in the price of output, the transport rate of a unit of output and output per unit of land. Results are derived concerning the position and slope of the rent gradient, as compared to the case of certainty.

Suggested Citation

  • Gershon Alperovich & Eliakim Katz, 1985. "Rent Gradient Under Uncertainty," Urban Studies, Urban Studies Journal Limited, vol. 22(3), pages 257-261, June.
    • Handle: RePEc:sae:urbstu:v:22:y:1985:i:3:p:257-261
    DOI: 10.1080/00420988520080391
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1080/00420988520080391
    Download Restriction: no
    File URL: https://libkey.io/10.1080/00420988520080391?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Mai, Chao-cheng, 1981. "Optimum location and the theory of the firm under demand uncertainty," Regional Science and Urban Economics, Elsevier, vol. 11(4), pages 549-557, November.
    2. Martinich, Joseph S. & Hurter, Arthur Jr., 1982. "Price uncertainty and the optimal production-location decision," Regional Science and Urban Economics, Elsevier, vol. 12(4), pages 509-528, November.
    3. DeSalvo, Joseph S. & Eeckhoudt, Louis R., 1982. "Household behavior under income uncertainty in a monocentric urban area," Journal of Urban Economics, Elsevier, vol. 11(1), pages 98-111, January.
    4. Wheaton, William C., 1977. "A bid rent approach to housing demand," Journal of Urban Economics, Elsevier, vol. 4(2), pages 200-217, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chiou-Nan Yeh & Sontachai Suwanakul & Chao-Cheng Mai, 1996. "The Effects of Business Taxes On Output and Location of the Firm Under Uncertainty," Public Finance Review, , vol. 24(1), pages 99-119, January.
    2. John D. Benjamin & G. Stacy Sirmans & Emily Norman Zietz, 1997. "Security Measures and the Apartment Market," Journal of Real Estate Research, American Real Estate Society, vol. 14(3), pages 347-358.
    3. Biing‐Shiunn Yang & Chao‐Cheng Mai, 2009. "Löschian competition under demand uncertainty," Papers in Regional Science, Wiley Blackwell, vol. 88(4), pages 765-784, November.
    4. Chao-cheng Mai, 1984. "Demand Function and Location Theory of the Firm Under Price Uncertainty," Urban Studies, Urban Studies Journal Limited, vol. 21(4), pages 459-464, November.
    5. Ka Shing Cheung & Chung Yim Yiu & Chuyi Xiong, 2021. "Housing Market in the Time of Pandemic: A Price Gradient Analysis from the COVID-19 Epicentre in China," JRFM, MDPI, vol. 14(3), pages 1-17, March.
    6. Gordon F. Mulligan, 1984. "Agglomeration and Central Place Theory: A Review of the Literature," International Regional Science Review, , vol. 9(1), pages 1-42, September.
    7. Dastrup, Samuel R. & Graff Zivin, Joshua & Costa, Dora L. & Kahn, Matthew E., 2012. "Understanding the Solar Home price premium: Electricity generation and “Green” social status," European Economic Review, Elsevier, vol. 56(5), pages 961-973.
    8. Liao, Yu & Zhang, Junfu, 2021. "Hukou status, housing tenure choice and wealth accumulation in urban China," China Economic Review, Elsevier, vol. 68(C).
    9. Diaz-Serrano, Luis, 2005. "On the negative relationship between labor income uncertainty and homeownership: Risk-aversion vs. credit constraints," Journal of Housing Economics, Elsevier, vol. 14(2), pages 109-126, June.
    10. P.B. McLeod & J.R. Ellis, 1981. "Alternative Approaches to the Family Cycle in the Analysis of Housing Choice," Economics Discussion / Working Papers 81-07, The University of Western Australia, Department of Economics.
    11. Moriizumi, Yoko & Naoi, Michio, 2011. "Unemployment risk and the timing of homeownership in Japan," Regional Science and Urban Economics, Elsevier, vol. 41(3), pages 227-235, May.
    12. Waddell, Paul & Ulfarsson, Gudmundur F. & Franklin, Joel P. & Lobb, John, 2007. "Incorporating land use in metropolitan transportation planning," Transportation Research Part A: Policy and Practice, Elsevier, vol. 41(5), pages 382-410, June.
    13. Paolo Emilio Mistrulli & Tommaso Oliviero & Zeno Rotondi & Alberto Zazzaro, 2023. "Job Protection and Mortgage Conditions: Evidence from Italian Administrative Data," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 85(6), pages 1211-1237, December.
    14. Isik, Murat, 2003. "Environmental Regulation And The Optimal Location Of The Firm Under Uncertainty," 2003 Annual meeting, July 27-30, Montreal, Canada 22066, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    15. Robst, John & Deitz, Richard & McGoldrick, KimMarie, 1999. "Income variability, uncertainty and housing tenure choice1," Regional Science and Urban Economics, Elsevier, vol. 29(2), pages 219-229, March.
    16. Joyce Y. Man & Mark S. Rosentraub, 1998. "Tax Increment Financing: Municipal Adoption and Effects On Property Value Growth," Public Finance Review, , vol. 26(6), pages 523-547, November.
    17. Yves Zenou, 1996. "Marché du travail et économie urbaine. Essai d'intégration," Revue Économique, Programme National Persée, vol. 47(2), pages 263-288.
    18. Fernández, Raquel, 2001. "Sorting, Education and Inequality," CEPR Discussion Papers 3020, C.E.P.R. Discussion Papers.
    19. Zhou, Jingkui, 2013. "Uncertainty, inequality and consumption preferences in urban China," Economic Modelling, Elsevier, vol. 31(C), pages 308-322.
    20. Zhao, Liyuan & Peng, Zhong-Ren, 2012. "LandSys: an agent-based Cellular Automata model of land use change developed for transportation analysis," Journal of Transport Geography, Elsevier, vol. 25(C), pages 35-49.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:urbstu:v:22:y:1985:i:3:p:257-261. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.gla.ac.uk/departments/urbanstudiesjournal .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.